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Tag Archives: Payments

Top 8 ways COVID-19 is (and will) impact the payments industry

Thus far, the global payments industry has proven resilient to the effects of the COVID-19 pandemic, but the industry is far from immune. In the short term, payment providers will need to prepare to adjust to new realities by adapting their operating models to be more flexible. The long-term impact …

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Coming soon: 3 big changes for B2B payments

So-called “black swan” events throughout history have shown the tendency to be the instigators of large-scale change for the better in many industries. The COVID-19 pandemic has the potential (and likely will) be the instigator that brings about a brighter future for (business-to-business) B2B payments as millions of businesses are …

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BFC FinTech Monitor 1st – 8th May

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Analysts at USB Group AG, the largest Swiss financial holding company, are predicting that the FinTech market could grow from USD 150 billion in 2018 to as much …

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BFC FinTech Monitor 24th April – 1st May

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: The company 11:FS has published the results of a new study on the impact of COVID-19 on the financial services market. In short: marketplaces will have a greater …

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BFC FinTech Monitor 17th – 24th April

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World Anonymous sources have revealed that Google is planning to simplify online shopping by issuing its own debit card, which will most likely to be connected to a user’s …

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The COVID-19 crisis as a catalyst for cashless payments in Ukraine

The COVID-19 crisis is changing how people go about living their lives and could be a catalyst for permanent change in Ukraine. With increased restrictions on movements and gatherings as well as greater concerns among the populous about contact with potentially-infected persons, there has been a noticeable increase in the …

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BFC FinTech Monitor 3rd – 10th April

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: MobilePaymentsToday.com has released materials outlining how the COVID-19 pandemic has affected the mobile payments industry. British startup Curve has announced the release of multicards that do not use numbers. Instead, …

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BFC FinTech Monitor 20th March – 3rd April

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Finanso, a Swedish company specialized in the field of personal finance, has release a study projecting that the volume of digital transactions in Europe will exceed USD 800 …

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BFC FinTech Monitor 20th – 27th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor Around the World: McKinsey and Company has issued recommendations for financial institutions regarding COVID-19 as well as probable economic consequences of the pandemic. A study by CB Insights has …

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BFC FinTech Monitor 13th – 20th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor Around the World: The FinTech Times has predicted how the outbreak of the coronavirus and the subsequent quarantine measures will impact the FinTech market. Specifically, they predict that, although people will …

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BFC FinTech Monitor 5th – 13th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.  Around the World: Amsterdam will play host to the Money 20/20 international FinTech conference in mid-June. Confirmed speakers include experts from Goldman Sachs, Netflix and Airbnb. According to a …

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BFC FinTech Monitor 27th February – 5th March

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and telegram channel FinTech Wave.   Around the World: ATMmarketplace.com has released a new report on the main digital banking trends. It revealed that (1) Apple has set new standards, …

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BFC FinTech Monitor 20th – 27th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and telegram channel FinTech Wave. Around the World: In 2019, FinTech startups attracted a total of USD 34.5 billion in investments (1,913 total transactions). Nearly half of this amount (USD …

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An overview of biometrics in the former Soviet Union

How are financial institutions in the former Soviet Union using biometrics? Are investments made into these solutions always justified? This short overview will get you up-to-date. Russia: Leading Russian developers are currently implementing the Unified Biometric System project, which is being led by biometric specialists who have strong experience in …

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BFC FinTech Monitor 13th-20th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor and in the telegram channel FinTech Wave.   Around the World: Analysts with Juniper Research predict that the volume of contactless payments will triple within just 4 years’ time. …

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A brave new world of biometrics

The use of biometric solutions is becoming increasingly popular with retailers, financial institutions and consumers due to the convenience and security they offer. Given the biometric world that appears to be in our not-too-distant future, the editors of BFC’s FinTech Bulletin and the telegram channel FinTech Wave put together this …

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Pay with a smile

Imagine the convenience of being able to go up to a kiosk and simply smiling to order and pay for your food. So-called “pay-with-a-smile technology” is not just the dream of science fiction authors, it has become reality for millions. From KFC locations in China to CaliBurger restaurants across California …

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5 major uses for biometrics in the banking industry

With biometric solutions all the rage, it’s only appropriate to also look at how biometric solutions can be applied to the banking industry. Here are 5 major banking uses for biometric solutions: Know your customer – one of the most significant on-boarding steps for financial institutions is to be able …

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Biometric mobile wallets: an inevitability?

Biometric solutions are infiltrating every aspect of our lives, and biometric mobile wallets (using face, fingerprint and/or retina scans as authorization mechanisms) seem more and more like an inevitability. As more and more people become comfortable with using their bodies as a means of identification, biometric payment solutions will also …

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BFC FinTech Monitor 3rd January – 12th February

Stay up-to-date on all the all the latest FinTech news and information from around the world in the BFC FinTech Monitor.   Around the World: American FinTech startup Remitly has launched a neobank for immigrants, allowing them to transfer funds to their homelands without documents establishing residency in the United …

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